[Federal Register Volume 59, Number 142 (Tuesday, July 26, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-18127]

[[Page Unknown]]

[Federal Register: July 26, 1994]



Commerce Bancorp, Inc., et al.; Formations of; Acquisitions by; 
and Mergers of Bank Holding Companies

    The companies listed in this notice have applied for the Board's 
approval under section 3 of the Bank Holding Company Act (12 U.S.C. 
1842) and Sec.  225.14 of the Board's Regulation Y (12 CFR 225.14) to 
become a bank holding company or to acquire a bank or bank holding 
company. The factors that are considered in acting on the applications 
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
    Each application is available for immediate inspection at the 
Federal Reserve Bank indicated. Once the application has been accepted 
for processing, it will also be available for inspection at the offices 
of the Board of Governors. Interested persons may express their views 
in writing to the Reserve Bank or to the offices of the Board of 
Governors. Any comment on an application that requests a hearing must 
include a statement of why a written presentation would not suffice in 
lieu of a hearing, identifying specifically any questions of fact that 
are in dispute and summarizing the evidence that would be presented at 
a hearing.
    Unless otherwise noted, comments regarding each of these 
applications must be received not later than August 19, 1994.
    A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. Commerce Bancorp, Inc., Cherry Hill, New Jersey; to acquire up 
to 20 percent of the voting shares of Independence Bancorp, Inc., 
Ramsey, New Jersey, and thereby indirectly acquire Independence Bank of 
New Jersey, Ramsey, New Jersey.
    B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Salt Creek Valley Bancshares, Inc., Laurelville, Ohio; to become 
a bank holding company by acquiring 100 percent of the voting shares of 
The Salt Creek Valley Bank, Laurelville, Ohio.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Union Planters Corporation, Memphis, Tennessee; to acquire 100 
percent of the voting shares of Commercial Bancorp, Inc., Obion, 
Tennessee, and thereby indirectly acquire The Commercial Bank, Obion, 
    D. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Superior Bancorporation, Ltd., Superior, Wisconsin; to become a 
bank holding company by acquiring 80.05 percent of the voting shares of 
Community Bank and Trust Company, Superior, Wisconsin.

    Board of Governors of the Federal Reserve System, July 20, 1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-18127 Filed 7-25-94; 8:45 am]